FOMO and Deep Learning
In Silicon Valley, the big tech companies copy each other whenever one of them makes a big bet on some new tech. When Google took the plunge into deep learning, Facebook and Microsoft followed. Even though they had no idea what they might do with it ! The reason they jumped in was FOMO – fear of missing out. The risk of not getting into any new tech was viewed as an existential one. They didn’t want to be like the companies from a generation back that ignored the possibilities of the Internet and got run over by new Internet based upstarts. Since they had no clear uses, both Facebook and Microsoft initially struggled to woo the top deep learning folks in academia to join their companies. In both cases, the CEO’s, Mark Zuckerburg and Satya Nadella, had to personally meet and convince prospective employees that they’d find applications later, but they’d support it in their R&D departments until then, that they’d pour far more money in their R&D labs than what any university...